The China Fund, Inc. Reports Third Quarter Results

The China Fund, Inc. Reports Third Quarter Results

NEW YORK, New York, September 10, 2015 --- The China Fund, Inc. (NYSE: CHN) today announced its financial results for the third quarter ended July 31, 2015. The Fund is a closed-end management investment company with the investment objective of long-term capital appreciation which it seeks to achieve by investing primarily in equity securities (i) of companies for which the principal securities trading market is the People’s Republic of China (“China”), (ii) of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China or (iii) constituting direct equity investments in companies organized in China.

For the nine months ended July 31, 2015, the Fund recorded net investment income of approximately $3,401,610 versus net investment income of approximately $4,958,895 for the nine months ended July 31, 2014. Net realized and unrealized gains for the nine months ended July 31, 2015 were $4,690,258 or $0.30 per share compared to net realized and unrealized gains of $30,354,268 or $1.94 per share for the nine months ended July 31, 2014.

The Fund’s total net assets on July 31, 2015 were $328,739,482 and its net asset value per share was $20.96, based on 15,682,029 shares outstanding. A distribution of $3.7651 per share was paid on December 18, 2014.

The China Fund, Inc. is listed on the New York Stock Exchange under the ticker symbol "CHN". The Fund's investment manager is Allianz Global Investors U.S. LLC.

For further information regarding the Fund and the Fund’s holdings, please call (888)-CHN-CALL or visit the Fund’s website at www.chinafundinc.com.